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at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to
at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good...
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Dec 29, 2012
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but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between
but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass...
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Dec 29, 2012
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cliff drama. most americans could see a rise in taxes and government spending cuts if government does not reach a deal before year's end, and i want to bring in two capitol hill veterans, budget committee member as well, martin frost of texas and david winston, he was aide to newt gingrich and adviser to newt gingrich's 2012 presidential campaign. i want to pick up where we left off last hour. gentlemen, you were making a point. my question is what happened to those talks between the president and john boehner. at one point they were 400 million apart and it was one whole heck of a lot of money and what happened? i think what happened is that the president decided that he was going to up the number from 800 to $1.2 trillion worth of revenue that he wanted. >> that took speaker boehner to the point where he didn't think they would go through the house and things began to fall apart at that point and they ended up going with this commission and i think it was frustrating to both men. my sense is the
cliff drama. most americans could see a rise in taxes and government spending cuts if government does not reach a deal before year's end, and i want to bring in two capitol hill veterans, budget committee member as well, martin frost of texas and david winston, he was aide to newt gingrich and adviser to newt gingrich's 2012 presidential campaign. i want to pick up where we left off last hour. gentlemen, you were making a point. my question is what happened to those talks between the president...
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describe what you think should happen. >> the fiscal cliff means we're taking $700 billion out of the economy because of the tax increases and spending cuts. if that happens our economy will hit rock bottom. we'll have zero growth over 2013. we will have, by the end of 2014, double digit unemployment. millions of americans will lose employment. so what you want to do is change the scale of that fiscal cliff to a gentle, let's say, bunny slope. we have a fragile economy, but it's accelerating and it's predicted as this year to grow. it grew at 2% to goh at 3% or more this coming year so you want this skier, so to speak to go down the slope and pick up speed so when you do come to the grand bargain that has $3 trillion of debt reduction. all they've got to do is shoulder 1 billion, changing the scale and put the rest of that in the following nine years and that's something that they'll come up with. >> where do they find it? there are various places, and just that, there's $118 billion if you didn't do the payroll tax extension holiday and if you didn't do that at $250,000, that's almos
describe what you think should happen. >> the fiscal cliff means we're taking $700 billion out of the economy because of the tax increases and spending cuts. if that happens our economy will hit rock bottom. we'll have zero growth over 2013. we will have, by the end of 2014, double digit unemployment. millions of americans will lose employment. so what you want to do is change the scale of that fiscal cliff to a gentle, let's say, bunny slope. we have a fragile economy, but it's...
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Dec 29, 2012
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these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year. mcconnell was elected to serve the people of kentucky. so how do mcconnell and junior senator rand paul justify letting federal unemployment benefits expire for 24,000 people in their state? how can senator marco rubio allow nearly 119,000 unemployed floridians to be cut off? senators john mccain and jon kyl should be fighting for the 28,000 people who would be affected in arizona. it's not clear if they will. and the list goes on and on. unemployment benefits are vital to the economic security of millions of americans, and the continued recovery of the u.s. economy as a whole. this should not be a bipartisan issue. let's bring in john nichols, washington correspondent for "the nation" magazine. brother nichols, who will be most affected if no deal is reached. not the very reach who can affo
these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year. mcconnell was elected to serve the people of kentucky. so how do mcconnell and junior senator rand paul justify letting federal unemployment benefits expire for 24,000 people in their state? how can senator marco...
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Dec 29, 2012
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but the other thing about the fiscal cliff, you do not want to be blamed for going over it. it is going to be bad for the economy, it's bad for the country. what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of un
but the other thing about the fiscal cliff, you do not want to be blamed for going over it. it is going to be bad for the economy, it's bad for the country. what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who...
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whole suite of things that were part of the fiscal cliff that aren't going to be touched. we'll have the debt ceiling rehash, all of these things come back in the first couple of weeks. >> we have a timeline issue here, we just -- a few days away, things have to -- things don't move quickly in washington as we know. there are rules in both houses of when things can come up, how much time has to pass for debate. they have to change rules to get it through quickly. even if senate comes up with the deal. mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might be amended, might be changed a bit. has to go back to the senate quick for changes. but he
whole suite of things that were part of the fiscal cliff that aren't going to be touched. we'll have the debt ceiling rehash, all of these things come back in the first couple of weeks. >> we have a timeline issue here, we just -- a few days away, things have to -- things don't move quickly in washington as we know. there are rules in both houses of when things can come up, how much time has to pass for debate. they have to change rules to get it through quickly. even if senate comes up...
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we're going hit the fiscal cliff. we'll hit the debt ceiling and businesses in our economy will not be able to recover because both sides are very polarized. >> we talked about spending cuts and we don't seem like we are now. this is a pretty small deal and that's not a consideration and we have to get past next tuesday. >> the biggest danger here is the debt ceiling is not included and that would be a great thing for the country to not have another deadline pending with more doomsday scenarios. the debt ceiling is almost guaranteed not to be in this deal and that's something that i thought would be initially and something president obama pushed for. now we have the same scenario in february again and this is very exhausting to americans to see this deadline pressure in washington. >> blake, do this quickly for me, here. we are kicking the can down the road. just how far down the road is it being kicked in this deal? >> what perry said is exactly right and another reason why progressives should be concerned which is w
we're going hit the fiscal cliff. we'll hit the debt ceiling and businesses in our economy will not be able to recover because both sides are very polarized. >> we talked about spending cuts and we don't seem like we are now. this is a pretty small deal and that's not a consideration and we have to get past next tuesday. >> the biggest danger here is the debt ceiling is not included and that would be a great thing for the country to not have another deadline pending with more...